National savings rate is an important indicator of an economy’s financial health, and its identity with investment determines how much a country needs to borrow domestically (deficit financing, a highly…
Consumer Price Index rose to 36.4 percent in April - a rise of one percent from March 2023, 23.7 percent from March 2022 and if one takes away the economically…
No economic variable captures the popular imagination in Pakistan more than the exchange rate. After Pakistan moved from a fixed to a flexible market exchange rate in the summer of…
Pakistan’s economy has been facing a number of challenges in recent years, including low growth, high inflation, large fiscal and current account deficits, and declining foreign exchange reserves. Despite various…
Iraq’s local currency has been on a two-month rollercoaster ride following a tightening of procedures for international transfers, with some blaming Washington for the dinar’s woes. While the official exchange…
The foreign exchange reserves of the SBP have plunged to $6,116 million as of 16th of December 2022. There has been a decline in these reserves of $3,700 million since…
International perceptions of the declining credit worthiness of Pakistan have been augmented by the downgrading of the country’s credit rating by S&P, Fitch, and Moody’s from ‘stable’ to ‘negative’. Recently,…
It is interesting to see that as far as the economic priorities are concerned, there seems to be an unannounced consensus between most of the political parties. Both the PTI…
Classical economic theory of demand and supply for goods applies just as well to a currency, the Pak rupee, the dollar or any other. The demand for the Pak rupee…
Pakistan’s foreign exchange reserves on 30 April 2020 as per the State Bank of Pakistan (SBP) website were 12.329 billion dollars, a respectable amount given the ongoing global pandemic that…
